U.K. Retail Sales Data

• Core Retail Sales Index (y/y) (September), fact 3.0%, forecast 2.8%.
• Core retail sales index (m/m) (September), fact 0.2%, forecast -0.1%.
• Retail sales (y/y) (September), fact 3.1%, forecast 3.2%.
• Retail sales (m/m) (September), fact 0.0%, forecast 0.1%.

U.K. retail sales were mixed in September. So, the indicators of retail sales decreased, but the general index showed growth. In the end, it can be regarded as restrained data on retail sales in the UK. As a result, inflation indicators are likely to remain the same.

Fig. 1. U.K. Core Retail Sales Index Chart

The British pound practically did not respond to mixed data on retail sales in the UK. The market attention remains focused on the Brexit agreement and the negotiation process between the EU and the UK. In the face of maintaining general pessimistic sentiment, the British pound retains growth potential. So, the GBP/USD pair maintains the uptrend of recent weeks, limiting itself to resistance levels: 1.2870 and 1.2950, ​​support is supported by marks: 1.2750 and 1.2650.

Fig. 2. GBP/USD chart

Read also: “Cryptocurrency market continues growth data on the Libra”

Hanzenko Anton

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